RIVERGATE TERRACE — financial and operating metrics

CCN 235516, RIVERVIEW, MI · Medicare cost reports, FY2022–FY2024

Unverified figures. Metrics marked unverified are derived from cost-report coordinates that have not yet been reconciled against audited financial statements. We show you which, rather than hiding it.

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MetricFY2022FY2023FY2024
Total facility bedsunverified273273273
Total bed days availableunverified99,64599,64599,918
Total inpatient daysunverified75,57081,11780,328
Total patient revenue (gross charges)unverified$32,476,753$36,062,501$36,241,661
Contractual allowances and discountsunverified$9,615,020$9,556,926$9,549,495
Net patient revenueunverified$22,861,733$26,505,575$26,692,166
Total operating expensesunverified$23,942,680$25,959,893$27,049,519
Net income from service to patientsunverified$-1,080,947$545,682$-357,353
Net income (loss) for the periodunverified$-1,042,426$1,405,378$895,072
Operating marginunverified-4.7%2.1%-1.3%
Occupancy rateunverified75.8%81.4%80.4%
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